Stratasys Ltd. (NASDAQ:SSYS) had its target price lowered by Needham & Company LLC from $24.00 to $21.00 in a research report sent to investors on Wednesday morning. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on SSYS. Zacks Investment Research downgraded shares of Stratasys from a strong-buy rating to a hold rating in a research report on Monday, August 1st. Brean Capital reissued a hold rating on shares of Stratasys in a research report on Monday, August 8th. Bank of America Corp. reissued an underperform rating and set a $23.00 price target on shares of Stratasys in a research report on Thursday, August 25th. Vetr downgraded shares of Stratasys from a strong-buy rating to a buy rating and set a $26.67 price target for the company. in a research report on Wednesday, September 28th. Finally, FBR & Co reissued an outperform rating and set a $29.00 price target on shares of Stratasys in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $24.81.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

Stratasys (NASDAQ:SSYS) traded up 1.11% during midday trading on Wednesday, hitting $18.18. The company’s stock had a trading volume of 674,186 shares. The company’s 50 day moving average price is $20.84 and its 200 day moving average price is $21.50. Stratasys has a 12 month low of $14.48 and a 12 month high of $30.46. The firm’s market cap is $949.32 billion.

Several hedge funds have recently bought and sold shares of SSYS. UBS Oconnor LLC acquired a new stake in Stratasys during the second quarter worth $12,856,000. State Treasurer State of Michigan increased its stake in Stratasys by 389.0% in the third quarter. State Treasurer State of Michigan now owns 374,603 shares of the company’s stock worth $9,024,000 after buying an additional 298,000 shares during the period. Granite Investment Partners LLC acquired a new stake in Stratasys during the third quarter worth $6,273,000. American Century Companies Inc. acquired a new stake in Stratasys during the second quarter worth $2,934,000. Finally, Northern Trust Corp increased its stake in Stratasys by 17.2% in the third quarter. Northern Trust Corp now owns 863,045 shares of the company’s stock worth $20,791,000 after buying an additional 126,938 shares during the period. Hedge funds and other institutional investors own 63.64% of the company’s stock.

About Stratasys

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

5 Day Chart for NASDAQ:SSYS

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